Moxian Announces Name Change To Abits Group Inc; Ticker Symbol On The Nasdaq Capital Market Will Be Changed To "ABTS" From "MOXC" Effective Before The Opening Of Trading On November 17, 2023
Portfolio Pulse from Benzinga Newsdesk
Moxian (BVI) Inc, a US-based bitcoin mining company, has announced a corporate name change to Abits Group Inc. The ticker symbol on the Nasdaq Capital Market will also change from 'MOXC' to 'ABTS' effective November 17, 2023. This change reflects the company's transformation and the launch of a new mining center in Tennessee. The change does not affect shareholder rights or the number of outstanding shares.

November 16, 2023 | 2:28 pm
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Moxian, now Abits Group Inc, will change its ticker symbol from 'MOXC' to 'ABTS' on November 17, 2023, reflecting its business transformation and new mining center launch.
The name and ticker symbol change for Moxian to Abits Group Inc is a significant rebranding effort that reflects a strategic transformation in the company's business. Such rebranding efforts can often be viewed positively by the market if they signal a new direction, especially in innovative and sustainable industries like hydro-powered bitcoin mining. The announcement does not affect shareholder rights or share count, which minimizes the risk of negative impact. However, investor sentiment can be unpredictable with rebranding, so while the score is positive, the confidence level is not at the maximum.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100